Beware of  Dogecoin Scam

The official account of Dogecoin cryptocurrency on Twitter warns about a new scam that is circulating.

Scammers pretend to be a tech-support service for those who have difficulties, complaints, or issues with the dogecoin coin.

The scam account contacts you, luring you into setting up a fraudulent wallet that asks for your Dogecoin's seed phrase in order to solve their tech problems.

The Dogecoin account on Twitter implores you not to share your seed phrases, which is the cardinal rule of cryptocurrency.

Dogecoin Warned Crypto Users

This recent increase of Dogecoin transactions on the Dark Web has been revealed to be for illicit uses. Elliptic's open data showed this, and other findings.

Jackson Palmer, the co-founder of Dogecoin, commented on cryptocurrencies. He argues that they are assisting in fraud. However, he doesn't think that Dogecoin is a scam.